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Finance Minister Kaoru Yosano said Friday that there are no plans to intervene in the currency market to respond to the recent rise in the yen.

“At this point, the government is not thinking at all about intervening in the foreign-exchange market” to try to stem the yen’s strength, said Yosano, who is triple-hitting as the financial services and the economy and fiscal policy ministers, at a regular news conference. He said the government has not yet thoroughly analyzed the major factors behind the yen’s appreciation.

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